From weeding robots to autonomous tractors, this MVP Technology Framework evaluates the solutions helping farm operators and food production leaders lower costs, increase operational efficiency, and boost profitability.
Farm operators and food producers face soaring input and labor costs. Three out of four US farmers polled by Purdue University’s Ag Economy Barometer say they expect input costs to rise by at least 20% in 2022.
To relieve this pricing pressure, food producers are turning to precision agriculture technologies — like aerial imagery analysis captured by drones and laser-weeding robots — to improve yields, reduce input costs, and alleviate labor shortages.
Further, these tech solutions can reduce farmers’ chemical, fertilizer, and water usage — improving farms’ sustainability and advancing the net-zero goals of corporations that work with these operators.
This report evaluates 12 tech markets across these functions that ag companies should monitor, vet, and prioritize.